Enterprise Loads Industry’s First LPG-Powered VLGC
December 17 2020 - 8:30AM
Business Wire
Enterprise Products Partners L.P. (NYSE:EPD) today announced
that the first vessel powered by liquefied petroleum gas (“LPG”)
has been loaded at the Enterprise Hydrocarbon Terminal on the
Houston Ship Channel. The Very Large Gas Carrier (“VLGC”) BW
Gemini, which had been retrofitted for dual fuel capabilities, was
loaded with a record 590,000 barrels of LPG, including cargo and
fuel.
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The BW Gemini VLGC is loaded with LPG at
the Enterprise's EHT facility on the Houston Ship Channel. (Photo:
Business Wire)
“Enterprise is proud to be part of this milestone achievement
which benefits both the supply and demand sides of the LPG value
chain, provides environmental benefits and improves the lives of
people around the world,” said A.J. “Jim” Teague, co-chief
executive officer of Enterprise’s general partner. “LPG-powered
vessels provide another source for growing U.S. shale production
and offer enhanced efficiencies and economics for ship owners and
their customers by allowing VLGCs to refuel at the loading dock
instead of making an additional stop at a bunkering facility.
Enterprise is already the largest exporter of propane in the world,
and is helping to raise the standard of living and improve the
health and quality of life for developing nations around the
globe.”
By providing the option for vessels to refuel with LPG,
Enterprise is also helping shipping companies reduce their
emissions in accordance with the new International Maritime
Organization standards (IMO 2020).
Enterprise Products Partners L.P. is one of the largest publicly
traded partnerships and a leading North American provider of
midstream energy services to producers and consumers of natural
gas, NGLs, crude oil, refined products and petrochemicals. Our
services include: natural gas gathering, treating, processing,
transportation and storage; NGL transportation, fractionation,
storage and export and import terminals; crude oil gathering,
transportation, storage and export and import terminals;
petrochemical and refined products transportation, storage, export
and import terminals and related services; and a marine
transportation business that operates primarily on the United
States inland and Intracoastal Waterway systems. The partnership’s
assets include approximately 50,000 miles of pipelines; 260 million
barrels of storage capacity for NGLs, crude oil, refined products
and petrochemicals; and 14 Bcf of natural gas storage capacity.
Please visit www.enterpriseproducts.com for more information.
This press release includes “forward-looking statements” as
defined by the Securities and Exchange Commission. All statements,
other than statements of historical fact, included herein that
address activities, events, developments or transactions that
Enterprise and its general partner expect, believe or anticipate
will or may occur in the future are forward-looking statements.
These forward-looking statements are subject to risks and
uncertainties that may cause actual results to differ materially
from expectations, including required approvals by regulatory
agencies, the possibility that the anticipated benefits from such
activities, events, developments or transactions cannot be fully
realized, the possibility that costs or difficulties related
thereto will be greater than expected, the impact of competition,
and other risk factors included in Enterprise’s reports filed with
the Securities and Exchange Commission. Readers are cautioned not
to place undue reliance on these forward-looking statements, which
speak only as of their dates. Except as required by law, Enterprise
does not intend to update or revise its forward-looking statements,
whether as a result of new information, future events or
otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20201217005201/en/
Randy Burkhalter, Investor Relations, (713) 381-6812 or (866)
230-0745 Rick Rainey, Media Relations (713) 381-3635
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